The union has called on the governor of the bank, Mark Carney to personally intervene to settle this long-running dispute for the sake of the stability of the bank and the interests of its committed workforce.

Staff at the Bank of England will start a three day strike on Tuesday 1 August 2017. The strikers will be holding a demonstration outside the bank’s London office at 10am on Tuesday (1 August) to mark the start of the strike over pay.

Unite national officer for the pharmaceutical industry Tony Devlin said: “We will be meeting with the UK senior management next week to discuss the reasons behind this announcement which has come as a significant blow for Unite members."